As the Egypt is the cause of concern for most of the Indian companies while at restive position but situations is changed. The Indian companies have been outgrowing in most of the countries like the fast growing Middle East and North Africa (MENA)region.) There are many Indian com0pnies which sell the Fast Moving Consumer Goods(FMCG) in Egypt. The Indian companies include certain companies like Dabur,Marico,Emami and Asian Paints and other companies.
In recent years there has been a focus of Indian companies on Egypt market which has shown a double digit growth. As the protests erupted the sales has also been hit in Egypt and certain other countries to the Indian companies. In spite of this the makers of health,food ,personal care and hair care products and others have shut down the sales. Some companies in Egypt like the health,food,personal care and hair care has recently even shut down the manufacturing untis in these countries.
The shut down of the manufacturing unit of Indian companies is just for a short period until the normalcy returns back. However the shutting down of the manufacturing unit is just a safety measure and will reopen soon says Indian company owners. Till now the operations in Egypt are still disrupted and will disturb the manufacturing units says Vijay Subramanium from international business officer. Egypt has a showing growth for most of the Indian business company and also plays a manufacturing hub for Middle East region.
Filed in: Business and Finance
by: admin